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3100 Butler Street

Springfield, IL 62703
  • $1,950,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: CA1022276
UPDATED: 26 min ago
$1,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Description

Stabilized Class C property generating a $25,000 monthly GPR with room to grow! Located in Southeast region of Springfield, Lakeside Village is an established complex operating three 12 unit apartment buildings. Total of 36 2BR/1BA units large parking lot & well maintained privacy fenced grounds. Individually metered all electric units with shared water meters (owner pays) & common coin laundry (income). Owner provides 2022 Profit/Loss totals, Q1 P/L, April 2023 Rent Roll, 2023 P/L projection, and says bring your offer.

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© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2023-05-30T07:45:06.057.
www.kathygarst.com/homes/139691320
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3100 Butler Street Springfield, IL 62703

  • Price: $1,950,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 26 min ago
  • ID#: CA1022276
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1978
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
Stabilized Class C property generating a $25,000 monthly GPR with room to grow! Located in Southeast region of Springfield, Lakeside Village is an established complex operating three 12 unit apartment buildings. Total of 36 2BR/1BA units large parking lot & well maintained privacy fenced grounds. Individually metered all electric units with shared water meters (owner pays) & common coin laundry (income). Owner provides 2022 Profit/Loss totals, Q1 P/L, April 2023 Rent Roll, 2023 P/L projection, and says bring your offer.
Exterior Features

Construction Materials BrickWood Siding Exterior Features Fence Parking Features Guest Parking Parking Total 50 Road Surface Type Paved Roof CementShingle

Interior Features

Basement Unfinished Building Area Total 36828 Heating ElectricForced AirCentral Air Interior Features Cable Available Laundry Features Common AreaOwned Equipment Number Of Central Air Units 36 Number Of Dishwashers 36 Number Of Dryers 3 Number Of Electric Meters 36 Number Of Gas Meters 0 Number Of Heating Units 36 Number Of Ranges 36 Number Of Washers 3 Number Of Water Heaters 36 Numberof Refrigerators 36

Property Features

100 Year Plain Unknown Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 305484 Gross Scheduled Income 302448 Insurance Expense 0 Lease Term Variable Lot Features Corner LotLevel Lot Size Dimensions Irregular Manager On Site YN No Net Operating Income 290700 New Construction YN No Number Of Water Meters 3 Number Of Window Units 0 Operating Expense 0 Repossessed No Structure Type Apartment Building Tax Annual Amount 14784 Tax Legal Description Lake Victoria Pud Project G-1 Except Lot G-1-4 11-15-5 Tax Year 2022 Tenant Pays Electricity Trash Expense 0 Type Residential Income Virtually Stage YN No Water Source Public SewerPublic

Listing provided courtesy of Kyle Killebrew of The Real Estate Group, Inc.: Mobl: 217-741-4040.
© 2023 RMLS Alliance, LLC. All Rights Reserved.


© 2023 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2023-05-30T07:45:06.057.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711